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1 Jul 2022 19:53
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  •   Home > News > Business

    Council of Trade Unions economist Craig Renney says the cost-of-living payment announced in the Budget targets the right people at the right time

    Council of Trade Unions economist Craig Renney says the cost-of-living payment announced in the Budget targets the right people at the right time


    The Government's announced a package that gives low-income earners an extra $27 a week to ease the pressure of rising costs.

    Mr Renney says the three-month policy is carefully targeted, both in timeframe and demographic.

    He says a tax cut may not have the same effect.

    Mr says the more targeted and timely you can make a tax cut, the better, and this package is immediate, targetting a group that doesn't get anything else.

    © 2022 Newstalk ZB, NZCity

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